Splunk Inc (SPLK): Today's Featured Computer Software & Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Splunk ( SPLK) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Splunk fell $3.07 (-4.0%) to $74.20 on heavy volume. Throughout the day, 5,750,317 shares of Splunk exchanged hands as compared to its average daily volume of 1,753,700 shares. The stock ranged in price between $72.42-$79.53 after having opened the day at $79.17 as compared to the previous trading day's close of $77.27. Other companies within the Computer Software & Services industry that declined today were: Cover-All Technologies ( COVR), down 9.1%, GlobalSCAPE Incorporated ( GSB), down 7.8%, Unwired Planet ( UPIP), down 7.7% and NCI ( NCIT), down 6.6%.

Splunk, Inc. provides software solutions that provide real-time operational intelligence. Splunk has a market cap of $9.6 billion and is part of the technology sector. Shares are up 12.5% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Splunk a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Splunk as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share.

On the positive front, Varonis Systems ( VRNS), up 19.9%, Majesco Entertainment Company ( COOL), up 8.4%, Authentidate Holding Corporation ( ADAT), up 8.2% and Top Image Systems ( TISA), up 6.5% , were all gainers within the computer software & services industry with Accenture ( ACN) being today's featured computer software & services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).

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